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The PlayStation 4, that many believe is going to be called the Orbis, will ship before Microsoft's next-generation console, according to a source that spoke to VG247.

The source claims that the PS4 plans were set "at least" two years ago and Sony is "confident" that it will release the PS4 before the next Xbox. Indications seem to indicate this would be around the holiday of 2013.

It was also mentioned from the source, that many partners (such as Ubisoft) and their developers are already working on the next console.

VG247 also states that parts of the PlayStation Vita's launch hardware were modified to make sure the PS4 and PS Vita would work similar to the Wii U and its controller (The Wii U is debuting this holiday season). PS4 games will be playable using the PS Vita controller.

Sony has stated previously that it has no plans to bring the new system to the Electronic Entertainment Expo (E3) in the summer. E3 runs June 5th through the 7th.